Following the speculation and eventual release of a short report by Muddy Waters (“MW”) on Burford yesterday, LCM’s shares have fallen to 77p having troughed at 58p in early trading. We highlight three areas where LCM’s model differs to Burford and therefore where the same criticisms should not apply. Re-iterate Buy and 140p TP.
08 Aug 2019
LCM - Inaccurate Burford comparison, buy
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LCM - Inaccurate Burford comparison, buy
Litigation Capital Management Ltd (LIT:LON) | 109 0 0.0% | Mkt Cap: 127.2m
- Published:
08 Aug 2019 -
Author:
Michael White -
Pages:
5
Following the speculation and eventual release of a short report by Muddy Waters (“MW”) on Burford yesterday, LCM’s shares have fallen to 77p having troughed at 58p in early trading. We highlight three areas where LCM’s model differs to Burford and therefore where the same criticisms should not apply. Re-iterate Buy and 140p TP.